Grimes & Company Inc. Makes New $254,000 Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Posted by Mitch Edgeman on Jan 27th, 2025

Grimes & Company Inc. bought a new stake in VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,050 shares of the company’s stock, valued at approximately $254,000.

A number of other large investors also recently made changes to their positions in SMH. Mendota Financial Group LLC bought a new stake in shares of VanEck Semiconductor ETF in the third quarter valued at approximately $25,000. Financial Management Professionals Inc. acquired a new position in VanEck Semiconductor ETF in the 3rd quarter valued at $28,000. Darwin Wealth Management LLC bought a new stake in shares of VanEck Semiconductor ETF during the 3rd quarter valued at $29,000. Pathway Financial Advisers LLC grew its holdings in shares of VanEck Semiconductor ETF by 194.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock worth $38,000 after purchasing an additional 101 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of VanEck Semiconductor ETF by 80.2% in the fourth quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock worth $38,000 after purchasing an additional 69 shares during the period.

VanEck Semiconductor ETF Trading Down 2.0 %

Shares of NASDAQ:SMH opened at $261.53 on Monday. The firm has a 50 day moving average of $248.62 and a 200-day moving average of $245.69. VanEck Semiconductor ETF has a 12 month low of $184.15 and a 12 month high of $283.07. The stock has a market capitalization of $25.17 billion, a PE ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were given a $1.0713 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

VanEck Semiconductor ETF Profile

(Free Report)

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.